Federal Reserve

WASHINGTON (AP) — The Federal Reserve is keeping its benchmark interest rate unchanged at a time of low inflation, which remains persistently below the Fed's target level.

Fed keeps key interest rate unchanged, noting strong job growth but undesirably low inflation.

Rates are expected to remain steady as investors seek fresh clues on inflation and hiring trends.

Asian stock markets are mixed Wednesday, with upward momentum from a record day on Wall Street and buoyant oil prices offset by investor caution ahead of the Fed's upcoming interest rate decision.

The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September.

As the end of Federal Reserve Chair Janet Yellen’s term approaches in February, President Donald Trump has not ruled out re-nominating her, he told The Wall Street Journal Tuesday.

As the end of Federal Reserve Chair Janet Yellen’s term approaches in February, President Donald Trump has not ruled out re-nominating her, he told The Wall Street Journal Tuesday.

The Federal Reserve on Monday said payments and money transfers should eventually be available in real time and that the U.S. central bank would weigh which plan for such a system makes sense.

The Federal Reserve on Monday said payments and money transfers should eventually be available in real time and that the U.S. central bank would weigh which plan for such a system makes sense.

Weak refinancing, thanks to higher interest rates, took a bite out off regional banks' earnings in the second quarter and loan growth remained sluggish, mirroring trends seen at larger banks.

The Latest on the European Central Bank's monetary policy meeting (all times local): 1:45 p.m.

The Latest on the European Central Bank's monetary policy meeting (all times local): 1:45 p.m.

European Central Bank head Mario Draghi will face questions later Thursday about when and how the bank might withdraw its stimulus measures.

European Central Bank head Mario Draghi will face questions later Thursday about when and how the bank might withdraw its stimulus measures.

European Central Bank leaves its interest rate benchmarks and policy statement unchanged.

European Central Bank leaves its interest rate benchmarks and policy statement unchanged.

Bond yields around the world have surged since the European Central Bank hinted last month that its bond buying was coming to an end, a replay of the "taper tantrum" in 2013 when the Federal Reserve caught markets off guard with similar plans.

Bond yields around the world have surged since the European Central Bank hinted last month that its bond buying was coming to an end, a replay of the "taper tantrum" in 2013 when the Federal Reserve caught markets off guard with similar plans.

Asian shares fell Tuesday as setbacks for a health care overhaul in the U.S. raised doubts over prospects for a range of reforms backed by President Donald Trump.

U.S. stocks are mostly higher Monday morning as retailers and clothing companies rise while banks slip along with interest rates.